Think twice before you get started - are you are really willing to do anything for your ambitions? Creating a startup is, frankly speaking, is not as romantic as it may seem. Before starting a project, take your time and think about whether or not you are willing to change your lifestyle, face uncertainties everyday, sleep fewer hours, etc. For some people, working for a larger company might be in your best interest (which is a respectable decision as well, of course).

2. Learn to listen to criticism, but do not let it bring you down

Be open to hearing that your idea does not work, and perhaps you should consider implementing some changes. Do not take criticism as something personal; take everything you have learned from feedback to improve your company.

3. Be humble and curious

One of the worst things entrepreneurs can do is be pretentious and egocentric. This is like condemning your project to fail. Smile and show a positive and friendly attitude.

4. The idea is 10% – execution 90%

Stop talking and start working on your idea to make it come alive. If you are not a programmer, there are tools to help you get started: buy a domain, open a blog, create a landing page and collect some leads. If you are not capable to execute, you are not going to be able to make your idea and dreams come true.

5. Create something that you would use

Does your product provide a solution? Would you use it? It not, you are probably headed in the wrong direction. You have to feel passion for what you do, and most importantly, the solution of your product must solve a current problem.

6. There are always competitors

If you say that your project does not have competitors or that it is entirely “unique”, you’ve probably failed to research the market. Identify your competitors and establish some innovative features that differentiate your company from them.

If you do not know how to do something, look for help. Make deals, exchanges, look for partners, and most importantly: BE CREATIVE!"

The Founder Institute is the world's largest entrepreneur training and startup launch program, helping aspiring founders across the globe build enduring technology companies. Based in Silicon Valley and with chapters across 50 countries, the Founder Institute has helped launch over 1,563 companies in 5 years. The company's mission is to "Globalize Silicon Valley" and build sustainable startup ecosystems that will create one million new jobs worldwide.